Fitch may downgrade Merrill Lynch A+ rating

SAN FRANCISCO (MarketWatch) -- Fitch Ratings said Wednesday it may downgrade the long-term issuer default rating of Merrill Lynch & Co.
MER, -3.69%
because of profitability concerns. Fitch has an A+ IDR on Merrill. "This rating action results in part from diminished expectations that Merrill's fixed income, currency and commodities operations will attain a sustainable level of core profitability in the near-term," Fitch said in a statement.

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